Add as a preferred source on GoogleRaydium Market Snapshot Lists $21.02 Million in Open Interest
The snapshot also lists $52.79 million in spot volume and $135 million in futures volume, but open interest alone does not show whether positions are bullish or bearish.
Raydium (RAY) open interest was listed at $21.02 million, alongside $52.79 million in spot trading volume and $135 million in futures volume.
The snapshot did not state when the figures were recorded. The data provide a view of outstanding derivatives positions and trading activity but do not establish whether traders were positioned for higher or lower prices.
Open interest measures contracts that remain active rather than closed or settled. Each derivatives contract includes both a long position and a short position, so a higher total does not by itself indicate bullish or bearish conviction.
Spot volume tracks trading in RAY itself, while futures volume reflects activity in derivatives contracts. Changes in either measure can accompany shifts in participation, but the figures do not identify the long-short split, funding-rate direction or the exchanges behind the activity.
Raydium is a decentralized exchange protocol built on the Solana network. RAY is the protocol’s native SPL token.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.